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The Latest Breaking News from Finance

‘Paying to be exploited’: Labor has now fully succumbed to the fossil fuel industry

In a massive win for the fossil fuel industry, taxpayers will fund the mapping of gas reserves for companies to exploit in Labor’s own ‘gas-led recovery’.

Crikey

Israel bans Al Jazeera: What does it mean and what happens next?

Al Jazeera said it will pursue available legal channels to protect its journalists from Israel’s ‘slanderous’ shutdown.

Al Jazeera

Federal budget to include new funding for stage 2B of light rail

Government also questioned on future of Canberra stadium.

The Canberra Times

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Government restarts PwC gravy train with $700,000 cash splash

New contracts with PwC’s Indigenous Consulting were published last week — the same day the Finance Department issued a surprise notice indicating PwC Australia could soon resume federal government work.

Crikey

‘Too soon’ to call Perth stabbing terrorism

WA police are reticent to call the recent Peth stabbing a terrorist attack, Meta says nobody reads news on Facebook anymore anyway, and student workers on placement will get weekly payments from next year.

Crikey

₹8.44-cr. project for two-lane bridge at Mundakkal gets approval

Finance department approves ₹8.44-crore project for new bridge at Mundakkal across TS Canal, improving connectivity and potential of region.

The Hindu

K. Anbazhagan opposed Gold (Control) Rules, saying it treated only symptoms, not the disease

Gold's significance in Indian culture, past attempts to control its possession, and the eventual abandonment of such regulations.

The Hindu

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Government paves the way to resume handing contracts to PwC Australia

A surprise procurement note says the Finance Department is undertaking an ‘examination’ as to ‘PwC Australia’s ethical soundness’.

Crikey

Promises made in TDP-BJP-JSP alliance manifesto are realistic, says former Finance Minister Yanamala

Former Finance Minister Yanamala Ramakrishnudu highlights TDP-BJP-JSP manifesto's realistic economic growth goals and revenue generation strategies.

The Hindu

Buggana’s nomination scrapes through scrutiny process

Finance Minister Buggana Rajendranath Reddy's nomination form for Dhone Assembly faced scrutiny but was ultimately accepted amid drama.

The Hindu

Finance has 'appropriate' strategies to deal with property conflicts

Minister asked about Colliers' 2020 conflict of interest.

The Canberra Times

‘BJP wants to continue loot’: Congress slams Sitharaman’s remarks on bringing back electoral bonds

Congress hit out at the BJP over Finance Minister Nirmala Sitharaman’s reported remarks that electoral bonds will be brought back after consultations

The Hindu

Pakistan And IMF Discussing New Multi-billion-dollar Program, Finance Minister Says

Pakistan has initiated discussions with the IMF over a new multi-billion dollar loan agreement to support its economic reform program, its new finance minister told AFP on Monday.

International Business Times

Plan implementation hit due to delay in release of funds, says Maradu municipality

The Maradu municipality has informed the Finance department that the operation of Plan programmes in the 2023-24 fiscal will be affected due to the delay in the release of money for the bills pending before the treasury.

The Hindu

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The Canberra Times

ACT urges Commonwealth to get deal done on CSIRO development land

The ACT is eager to open up the 701-hectare site for new housing.

The Hindu

Next government must urgently fix ‘unnecessarily complex’, counter-productive GST: 13th Finance Commission chair

Vijay Kelkar says urgent reforms needed in India's complex GST regime, advocating for a single 12% tax rate and revenue sharing.

The Hindu

HDI and SDG indices of A.P. plummeted due to flawed policies of YSRCP, says Yanamala

Former Finance Minister Yanamala Ramakrishnudu criticizes Andhra Pradesh's declining development indices, high debt, and job loss under YSRCP government.

The Hindu

‘Plan B’ is about organising the people, moving apex court for State’s rights: K. N. Balagopal

By ‘Plan B,’ the State government meant organising the people and approaching the highest judicial body in the country for the State’s rights, Finance Minister K. N. Balagopal remarked on Monday.

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The Hindu

SC decision to refer case to Constitution Bench a ‘positive’ step: Balagopal

Finance Minister K. N. Balagopal on Monday described as “positive” the Supreme Court decision to refer the State government’s suit on its borrowing limit to the Constitution Bench.

The Hindu

Corrections and Clarifications — April 1, 2024

Corrections and Clarifications from the Readers’ Editor’s office

The Hindu

Efficient management helped Kerala overcome fiscal pressures, says K.N. Balagopal

Kerala's efficient financial management and revenue increase helped withstand fiscal pressures in 2023-24, says Finance Minister Balagopal.

Dynamite News

Lok Sabha 2024: BJP announces Election Manifesto Committee; Raksha Mantri Rajnath Singh its Chairperson

Finance Minister Nirmala Sitharaman will be the convener of the election manifesto panel, while her cabinet colleague and Trade Minister Piyush Goyal the co-convener. Read further on Dynamite News:

The Hindu

ED issues fresh summons to Thomas Isaac

ED summons former Finance Minister T.M. Thomas Isaac in Kochi for investigation into KIIFB masala bonds issue.

AAP

No surplus in sight as New Zealand outlook worsens

New Zealand Finance Minister Nicola Willis has pledged to deliver income tax cuts in the May 30 budget even as the government books worsen.

The Hindu

Probe into masala bond delayed due to non-cooperation of Thomas Isaac, ED tells HC

Kerala High Court informed of delays in FEMA violations investigation due to former Finance Minister's non-cooperation.

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